TriplePoint Venture Growth BDC Corp (TPVG) Expected to Announce Quarterly Sales of $11.78 Million

Equities analysts predict that TriplePoint Venture Growth BDC Corp (NYSE:TPVG) will report $11.78 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for TriplePoint Venture Growth BDC’s earnings, with estimates ranging from $11.16 million to $12.40 million. TriplePoint Venture Growth BDC posted sales of $10.65 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The company is scheduled to announce its next earnings report on Monday, March 12th.

According to Zacks, analysts expect that TriplePoint Venture Growth BDC will report full year sales of $11.78 million for the current year, with estimates ranging from $51.56 million to $53.00 million. For the next financial year, analysts anticipate that the firm will report sales of $56.22 million per share, with estimates ranging from $54.44 million to $58.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow TriplePoint Venture Growth BDC.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Monday, November 6th. The investment management company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $10.42 million for the quarter, compared to the consensus estimate of $11.22 million. TriplePoint Venture Growth BDC had a net margin of 43.72% and a return on equity of 12.05%.

A number of research analysts have commented on TPVG shares. Compass Point raised TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 28th. ValuEngine lowered TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Ladenburg Thalmann Financial Services assumed coverage on TriplePoint Venture Growth BDC in a research report on Tuesday, December 12th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $14.00.

Several large investors have recently made changes to their positions in TPVG. JPMorgan Chase & Co. raised its position in shares of TriplePoint Venture Growth BDC by 1,418.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock worth $242,000 after acquiring an additional 17,037 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of TriplePoint Venture Growth BDC by 1.1% in the 2nd quarter. Wells Fargo & Company MN now owns 392,560 shares of the investment management company’s stock worth $5,225,000 after acquiring an additional 4,121 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of TriplePoint Venture Growth BDC by 35.0% in the 2nd quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock worth $210,000 after acquiring an additional 4,100 shares in the last quarter. Royal Bank of Canada raised its position in shares of TriplePoint Venture Growth BDC by 12.0% in the 2nd quarter. Royal Bank of Canada now owns 48,471 shares of the investment management company’s stock worth $645,000 after acquiring an additional 5,195 shares in the last quarter. Finally, Shelton Capital Management raised its position in shares of TriplePoint Venture Growth BDC by 185.6% in the 2nd quarter. Shelton Capital Management now owns 47,703 shares of the investment management company’s stock worth $635,000 after acquiring an additional 31,000 shares in the last quarter. 33.92% of the stock is owned by hedge funds and other institutional investors.

TriplePoint Venture Growth BDC (NYSE:TPVG) traded down $0.44 on Wednesday, reaching $12.10. The company’s stock had a trading volume of 271,184 shares, compared to its average volume of 69,920. The company has a market cap of $222.10, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.88 and a beta of 1.28. TriplePoint Venture Growth BDC has a fifty-two week low of $11.60 and a fifty-two week high of $14.41.

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TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

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